WHY?

[GeoFisher]

I don't know HOW many times it can be said, but OIL companies have one of the SMALLEST profit margins of ALL industries.............7 % profit on your product is NOT very much........

You want to talk about gouging........look at your local wal-mart or Bass Pro Shops, or Kroger, or , or, or...............they REGULARLY make 25-50% markup on their product.....LETS BITCH ABOUT THEM........

AND how about this..........

18% of EVERY gallon goes to Federal TAXES at 3 dollars.......that is 54 cents
09% of EVERY gallon goes to State TAXES at 3 dollars.........that is 27 cents.
04% of EVERY gallon goes to LOCAL/County Taxes at 3 dollars.........that is 12 cents.

ADD it UP.............TAXES eat up a TON of your MONEY. THIS is on TOP on the 20% you ALREADY paid in Income TAXES.........

As someone else said here a few times...........Your VOTE really counts this time.

[CMIDD]

I agree, a 7% profit margin is not much, BUT everyone has to buy gas. So its moving at a higher volume than say BPS or Wal Mart. I JUST left a gas station next to the shop here, and I overheard the employees saying that the station was paying $2.19 per gallon, YET the pump price was $2.55. Not gouging by any means, and I understand they have to make money. Just thought I would share.

[stratosjoe]

I also agree 7% is not a lot but at $4.00 agallon versus $2.50 a gallon thats 11 cents agallon ave staion has 10,00 gallon on hand $1100 a week difference Am I figuring wrong?

Had to edit this, if we don't want it we don't have to buy it. And true to this forum I want to make as much money as I can from all the people I can make it from cause I am a firm believer in Capitolistic way of life...

[know1]

If you'll remember, the price of gas rose more slowly than the price of oil, too. I remember that it had doubled in cost, but the cost of a gallon was well behind that. I think there's a delay.

[Fishin is life]

I am an average Joe and have to buy gas just like everybody else...but let me pose a simple question to you....if you were told you could get a pay raise at work...would you turn it down?...If you answered no then you understand why the oil companies do what they do...wether it be a couple hundred or thousand a year to us...its the same to them...money is money ....if you can get it, youre going to...you can say thats "price gouging" or whatever you want...but as the middle class goes higher...it makes the guy who makes minimum wages money worth less...so as you take your pay raise aren't you "price gouging" him...its called capatilism...

[Bandit1]

Sorry I vented & ticked some people off, next time I will keep it to myself.

FORGET I SAID ANYTHING.

Jason

[GeoFisher]

Sorry I vented & ticked some people off, next time I will keep it to myself.

FORGET I SAID ANYTHING.

Jason

No vent at ALL............This is one of the reasons I love this site over others........

Rarely do these discussions become ANGRY, if you know what I mean........people discuss, sometimes heated, but then we can post on the fishin boards, and info is still given out just as it should be..........

Again.........a GREAT reason to visit this versus MOST other sites.

Later,

Geo

[mhall]

Good point Geo, I can get mad enough to chew a 20 penny nail into but it only lasts about 10 to 20 minutes, lol. Opec is going to cut production a bunch coming up so expect gas to make a huge spike soon. I wonder why....Hmmmmmm.

[GeoFisher]

Good point Geo, I can get mad enough to chew a 20 penny nail into but it only lasts about 10 to 20 minutes, lol. Opec is going to cut production a bunch coming up so expect gas to make a huge spike soon. I wonder why....Hmmmmmm.

We need to DRILL here DRILL NOW.

Later,

Geo

[mhall]

We need to DRILL here DRILL NOW.

Later,

Geo

Now you are talking brother..........

[Mean Morone]

Lets see, if you go after big oil through taxes and profit grab, what will the response be by big oil? I assume that one of two things will happen and maybe both. My relatives may lose their jobs, and the additional cost to the oil company will be passed on down the line. That is what all companies that provide a product do when their taxes and costs go up. So yes you might get a tax cut, but the cost of products will go up. Why is it ok for our leaders to say that a temporary tax cut on gas is a "gimmick", that is not their money it's mine. Why is that a gimmick? Why is it evil for a company to make millions and billions off of us but it's ok for our government to do it through taxes. Once they get it they wont give it back. What if the people looked at the government and said we are going after your profits. They would raise our taxes to make up the difference. I don't like paying higher prices, but I don't like my taxes going up either. Seems like we dont have a choice on either one. Of course our Government could just take over the oil companies like Venezuela did and cut the price. One last thing. I asked one of my relatives why there was such an oil problem. He said that the problem is we don't have enough refineries. The flow of oil is bottle necked because we don't have enough refineries. We haven't built a refinery since the 70's. Does that make sense. I'm done with the oil talk.

[GeoFisher]

Businesses Don't Pay TAXES..............you think BIG OIL, Wal-Mart, Target, Sears, etc, etc, etc..........are going to absorb the 3% increase in corporate taxes that Obama is going to require.......

If you believe that brother..........I've got land...........PRIME land in a mangrove swamp to sell ya.......

ANY and ALL additional taxes will be passed on to you and I in higher prices......which will also put people out of work, slow the economy even more, and put us in MORE debt to CHINA, Saudi, Dubai, etc, etc........

Later,

Geo